ABAD undertakes significant constitutional reform
According to the details, ABAD has formally adopted the amendments to its Memorandum and Articles of Association during a Special General Meeting at ABAD House.
The comprehensive reforms mark the first substantial revision to ABAD's founding documents since the organization's establishment in 1972, addressing structural changes necessitated by Pakistan's transformed legal and regulatory environment.
The constitutional overhaul comes in response to recent directives from the Directorate General of Trade Organizations (DGTO), which has mandated all established trade associations to align their governing documents with contemporary standards.
The approved amendments introduce several pivotal organizational modifications. Most notably, the posts of Regional Chairman and Vice Chairman have been eliminated from ABAD's official structure, responding to DGTO objections outlined in Article 1 of the existing constitution.
Under the revised governance model, sub-committees will now operate under Executive Committee oversight through amended Article 9(iii)(6), with membership expanded from two to five positions to enhance operational capacity.
Regional membership processing has been restructured while maintaining established channels. New applications will continue flowing through Regional Committees, but these bodies will now function as Executive Committee appointees under the modified Article 9(v)(6).
Additional revisions affect Articles 8(b)(ii) and 16(2), along with Clause 14 governing membership transfer procedures, streamlining administrative processes across the organization.
'Our existing Articles had remained static for 53 years, despite fundamental shifts in Pakistan's legal framework,' Chairman Bakhshi said. 'These amendments position ABAD to operate more effectively within today's regulatory environment,' he added.
The meeting drew significant participation including Senior Vice Chairman Syed Afzal Hameed, Vice Chairman Tariq Aziz Memon, Southern Region Chairman Ahmad Owais Thanvi, and Hyderabad Sub-Region Vice Chairman Abdullah Jan Memon. Former chairmen Altaf Tai and Anwar Gagai also attended the proceedings.
Bakhshi termed the reforms as essential for strengthening ABAD's advocacy capabilities and government relations. 'These changes will enable more effective collaboration with government institutions and enhanced representation of construction sector interests,' he stated.
The amendments received majority approval following extensive member deliberations, reflecting broad consensus on the need for organizational modernization.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
17 hours ago
- Business Recorder
Marka-e-Haq 14th August Youm-e-Azaadi: Message from Asif Ali Zardari, The President of the Islamic Republic of Pakistan
Today, as we celebrate the 78th Independence Anniversary of our beloved homeland, I extend heartfelt congratulations to all Pakistanis at home and abroad. This day is a reminder of the courage, unity, and sacrifices that led to the creation of Pakistan. Today, the entire nation pays homage to our founding father, Quaid-i-Azam Muhammad Ali Jinnah, and the workers of the Pakistan Movement for their struggle and sacrifices. We celebrate this Independence Day with a sense of renewed pride and hope. Recently, our nation has reaffirmed its strength, resolve, and unity in the face of external aggression. Our success in Marka-e-Haq and Operation Bunyan-um-Marsoos is a landmark moment in our history. It was a demonstration of unshakable national will, professional excellence, and united purpose. Faced with unjustified Indian aggression, Pakistan responded with clarity, courage and restraint. The world witnessed a nation that is peace-loving, but fully capable of defending its sovereignty and territorial integrity. This victory has given our people a sense of renewed confidence. It has lifted the morale of the people, restored faith in our institutions, and enhanced Pakistan's stature on the global stage. Today, the world sees Pakistan as a country that seeks peace but does not bow to coercion. But this moment is about more than military success. It is a reminder of what we can achieve when we are united, focused, and committed to a common goal. Let us now channel this spirit into our economic revival, educational reform,technologicaladvancement, institutional development, and environmental resilience. The same discipline, courage, and clarity that led to our recent success against India can lead us towards victory in eradicating poverty, creating opportunities for our people, and building a just and inclusive society. On this Day, we also express solidarity with the people of Indian Illegally Occupied Jammu and Kashmir. Their courage and struggle for justice and their right to self-determination remain close to our hearts. Pakistan will continue to extend its unwavering diplomatic, moral, and political support until their right to self-determination is realized. Let this Independence Day be a turning point in our history. Let us rise beyond our divisions and stand together for a Pakistan that is built on justice, equality, faith, and service to all. May Allah be our guide and Copyright Business Recorder, 2025
Business Recorder
17 hours ago
- Business Recorder
Marka-e-Haq 14th August Youm-e-Azaadi: Message from M. Ishaq Dar, Deputy Prime Minister and Minister for Foreign Affairs of the Islamic Republic of Pakistan
On this Independence Day, we pay tribute to Quaid-i-Azam Muhammad Ali Jinnah for his leadership and vision, as well as the workers of the Pakistan Movement for their countless sacrifices to secure an independent homeland for the Muslims of South Asia. Pakistan was founded on the ideals of unity, faith, and discipline, and today we stand proud as a resilient nation of over 250 million people. Over the past 78 years, Pakistan has made significant strides in building a dynamic economy, advancing in science and technology, and contributing meaningfully to global peace and development. From our robust agricultural base to our growing IT exports, from successfully hosting important international events to launching ambitious infrastructure projects, Pakistan is steadily advancing towards a brighter future. Recent months have witnessed the indomitable spirit of Pakistan manifested on both military and diplomatic fronts. Through Operation Marka-e-Haq, our principled, lawful, and resolute response to India's illegal actions achieved a significant moral and political victory. By combining military preparedness with diplomatic acumen and national unity, we have demonstrated to the international community Pakistan'sunwaveringcommitment to defend its sovereignty while upholding global peace. We have reaffirmed that the Kashmir cause remains just, rights of Kashmiri people inalienable, and Pakistan's support unshakable until justice prevails. As we celebrate this Independence Day in Pakistan and across the globe, let us rededicate ourselves to building a stronger, more secure, and prosperous nation. Our greatest strength endures in the unity that forged our nation and in our collective resolve to uphold the principles of democracy, peace, and justice that inspired our beloved homeland's creation. Pakistan Zindabad! Copyright Business Recorder, 2025
Business Recorder
18 hours ago
- Business Recorder
‘Population projected to reach 385m by 2050'
ISLAMABAD: Minister for Planning, Development and Special Initiatives Prof Ahsan Iqbal revealed that Pakistan's population has surpassed 241 million and is projected to reach 385 million by 2050. While addressing the 'National Workshop on Population and Development' on Friday, he said that the population issue is not merely about numbers, but directly linked to the country's development and future. 'We must decide whether we want to raise generations that are hungry, sick, and intellectually weak, or healthy, strong, and intelligent,' he stated. 'Our religion does not oppose family planning,' he stressed, adding that in today's world, a nation's real strength lies not in numbers but in intellectual capacity. The minister warned that rapid population growth poses serious threats to employment, public health, food security, and water resources. He emphasised that balancing the number of children with available resources can improve their health. Iqbal urged the federal and provincial governments to ensure policy continuity and equitable resource distribution. He said that the recommendations from today's consultations would become part of a practical framework. He called for increasing women's participation in the workforce to 50 per cent and expressed commitment to act on the dialogue's recommendations on population. The minister further informed that, on the prime minister's instructions, a committee has been formed to address the population issue, with consultations to be held with all provinces. Copyright Business Recorder, 2025
